Professional Documents
Culture Documents
Introduction to Business
Lecture 04
Disadvantages of Partnership
Unlimited Liability
Shorter Life
Disadvantages of Partnership
Limited Capital
Lack of interest
Disadvantages of Partnership
Slow Decision Making
partnership.
There is always a chance of conflict.
Types of Partners
Active Partner is one who participate in all the
Types of Partners
Senior Partner is one who has invested the
Types of Partnership
Partnership at will
Limited Partnership
Types of Partnership
Limited Partnership
Particular Partnership
Termination of Partnership
By Notice
Upon Death
Partnership Deed
A document that contains the terms and